Eddie Stobart poised to buy Southend Airport
price tag of £55million.
year and a decision was originally expected by the end of June.
Haulage firm Eddie Stobart records £11 million half-year profits
turning in an impressive pre-tax profit of £11 million.
the figures, saying he expects the company to continue expanding despite the global
to acquire other companies.
Stobart Group made a profit before tax of £11m.
other haulage firms are shedding jobs. The company’s revenue from its business
operations were £199.2 million.
operations, where revenues grew by 30 per cent and operating profits by an astonishing
132 per cent.
the company is thriving because it has adopted a business model that cuts down
on waste. Unlike other hauliers who are often contracted to work for just one
customer, Stobart organises its business so that trucks are not returning empty
next nearest customer, avoiding the need for profitless return journeys to a depot.
than driving back to somewhere without goods," he said. "It’s a system we’ve brought
over from the railways. That and our pay-as-you-go system is something that is
working well, especially in the economy as it is at the moment. If a company’s
business shrinks, then the amount they spend with us shrinks."
trend of acquiring new companies, developing Stobart’s role as a multi-modal transport
group, which transport capabilities in the realms of road, air, and rail.
to fetch in new customers. Our hopes for Carlisle Airport are down to the planning
process, but our hope to create a cross-dock system there should create an extra
100 jobs at the site. There are real opportunities at Carlisle Airport."
is for sale by sealed offer.
air route into the south east.